Skip to main content

Financial Services

Businesses in the financial services sector operate in a complex, high stakes environment, under regulatory scrutiny and with fierce competition for talent.

We work with clients to manage risk and protect and grow their businesses on a domestic and international scale. Our multi-disciplinary team encompasses specialists from our employment, dispute resolution, regulatory, intellectual property, banking and corporate practices. 

We act for clients across the industry, from some of the largest global banking institutions and hedge funds, to asset managers, insurance companies, as well as acting for the senior executives who lead them.   

We advise on the full spectrum of employment and immigration law, from day to day HR advisory, to team moves and restrictive covenants, including the theft of confidential information and trade secrets.  We also work with clients to design and advise on partnership structures, executive remuneration and incentive schemes. 

If matters become contentious, we have significant experience managing some of the most complex and high value disputes in the sector,  with significant expertise in all aspects of injunctive relief, including springboard injunctions, as well as in managing disputes through mediation and arbitration.  

Our corporate specialists act for leading financial institutions from a fund-raising and investment perspective, acting for both Venture Capitalists and banks and the companies in which they invest.  This work includes fintechs and has an additional focus on the blockchain and crypto space.  We also offer the full suite of commercial lending capabilities.

Our commercial and intellectual property team are actively involved in services arrangements for our firm’s clients (including outsourcing), together with addressing their data protection and workplace privacy requirements, including SARs. Our real estate group advises corporate occupiers on a wide range of areas including, investment, property finance, and transactional support as well as specialist advice covering planning, construction, dispute resolution and tax. 

In this highly regulated sector, we advise a wide range of clients on financial services regulatory matters – both advisory and contentious.  This includes: change in control and financial promotions advice on corporate matters; SMCR, fitness and propriety, remuneration, regulatory references, individual approvals and settlement agreements in employment matters;  financial promotions advice for advertising intermediaries; payment services and e-money advice; and on contentious regulatory matters ranging from internal investigations to RDC and Upper Tribunal cases.  We have a particular focus on the crypto sector, and advise on all aspects from corporate structuring and application of the UK MLRs 2017 to advertising and the regulatory perimeter.  We work closely with our corporate, employment, IP, and immigration teams to provide a seamless service for startups in this space.

Related items

Bitcoin Cryptocurrency

Metaverse 101: Cryptoassets (including NFTs)- Selling and Distribution

22 June 2022

In this next instalment of our Metaverse 101 series, we look at some of the regulatory issues to consider when selling and distributing cryptoassets (we covered regulatory issues concerning the advertising of cryptoassets in our earlier article). As this is a new and developing area of law, there are often more questions than there are answers. This post explores the relevant regulatory regimes applicable to cryptoassets for which the UK Financial Conduct Authority has responsibility.

Leadership And Team Cohesiveness

Operation resilience: what is it and why does it matter?

21 June 2022

Operational resilience is the ability of firms and the financial sector as a whole to prevent, adapt, respond to, recover and learn from operational disruptions. That is, operational disruptions to important business services. This is separate from, but should be complementary to and work together with, firms’ business continuity planning and outsourcing arrangements.

Crypto

ASA crypto crackdown: Geraint Lloyd-Taylor comments for City A.M.

17 June 2022

ASA crypto crackdown – is it regulation by the back door?

Planning real estate

Managing conflicts of interest in asset management: key takeaways from recent FCA fines

15 June 2022

On 30 March 2022 the Financial Conduct Authority (the “FCA”) published final notices against GAM International Management Ltd (“GAM”) and Timothy Haywood, a former fund manager for GAM, in connection with failures to manage conflicts of interest arising from dealings with Greensill Capital (UK) Limited. The fines, equalling £9,103,523 and £230,037 respectively, should serve as a warning to asset managers on the importance of adequately dealing with conflicts of interest and emphasise the necessity in having a robust framework in place to identify and manage any such conflicts.

money

FCA issues warning to CEOs of almost 28,000 credit consumer firms in light of the cost of living crisis

24 May 2022

On 6 May 2022 the Financial Conduct Authority (FCA) issued a letter to almost 28,000 firms providing credit broking services or high cost lending products. Noting the fact millions are facing the biggest cost of living crisis in more than a decade, the FCA unambiguously reminded consumer credit firms they have a responsibility to not exploit these circumstances.

The meaning of “knowingly concerned” for breaches of financial promotion restrictions – welcome clarification for directors

25 April 2022

On 25 March 2022 the Court of Appeal held that a director who had been found “knowingly concerned” in an investment communication made in breach of section 21 of FSMA was not liable because she believed that the communication had been sufficiently authorised. The clarification of what constitutes “knowledge” in these circumstances will be welcomed by directors and professional advisors.

Person on tightrope

Treading the payment tightrope: can you still rely on the ‘limited network exclusion’ or might you now need a licence to carry out regulated payment services?

13 April 2022

The European Banking Authority (EBA) has recently published final guidelines on the application of the limited network exclusion (LNE) under the revised Payment Services Directive ((EU) 2015/2366) (PSD2). The guidelines apply to national competent authorities (NCA), which post-Brexit does not include the UK FCA. The UK FCA published its updated guidance on the application of the LNE under the Payment Services Regulations 2017 (PSRs) in November 2021, through PS21/19, PERG 15 of its Perimeter Guidance manual, and the latest version of its Payment Services and Electronic Money - Our Approach document.

Cryptoassets

A historic and pivotal moment for the future of cryptoassets, payments and money in the UK?

07 April 2022

What happened? And so 4 April 2022 may come to be seen as a pivotal turning point for the future of cryptoassets in the UK.

Back To Top